Barry Callebaut’s volumes fall as soaring cocoa prices begin to bite
By Paolo Laudani (Reuters) -Chocolate maker and cocoa processor Barry Callebaut reported a lower sales volume than expected for its first quarter on Wednesday, hit by delayed orders as its clients renegotiate product prices with retailers amid record high cocoa costs. The
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
(Reuters) – Private equity fund Blackstone (NYSE:BX) is readying the sale of Spain-based Hotel Investment Partners (HIP), which is worth 6.5 billion euros ($6.77 billion), Spanish newspaper Cinco Dias reported on Wednesday, citing several unidentified market sources. HIP owns 73 hotels
Airbus price target raised at Jefferies, Rolls-Royce remains top pick
Investing.com — Jefferies analysts have revised their assessments within the aerospace and defense sector, with a particular emphasis on Airbus and Rolls-Royce (OTC:RYCEY) The brokerage has raised its price target for Airbus to €190 from €170, reflecting a 12% increase. Despite the
Oracle shares rise 9% after Trump unveils $500 billion AI plan
LONDON (Reuters) – Oracle (NYSE:ORCL) shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank (TYO:9984). The joint venture, called Stargate,